Trade Facilitation Agreement

The Trade Facilitation Agreement (TFA) is a global agreement aimed at simplifying and streamlining international trade processes. It was established under the World Trade Organization (WTO) to enhance cooperation among countries by reducing trade barriers, improving customs procedures, and promoting transparency. By making it easier and faster for goods to cross borders, the TFA helps boost economic growth, lower costs for businesses, and ultimately benefits consumers through increased availability of products. The agreement encourages countries to adopt efficient practices, helping to foster a more seamless global trade environment.